(18 SEPTEMBER 2017)EUR / CHF:Buying demand

(18 SEPTEMBER 2017)EUR / CHF:Buying demand

18 September 2017, 13:58
Jiming Huang
0
28

ec


Buying demand.

(By Yann Quelenn )

• EUR/CHF's buying pressures are going up and

the pair has broken resistance area between 

1.1356 and 1.1472. Further medium-term 

sideways moves are favoured. 

• In the longer term, the technical structure has 

reversed. Strong resistance is given at 1.20 (level 

before the unpeg). Yet, the ECB's QE 

programme is likely to cause persistent selling 

pressures on the euro, which should weigh on 

EUR/CHF. Supports can be found at 1.0184 

(28/01/2015 low) and 1.0082 (27/01/2015 low).

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